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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 1932 Wallace Rd NW, Salem, OR, 97304 priced at $624,900 pairs $3,844/mo rent with after a $3,059/mo payment. Total monthly income equals $3,844/mo. Return on cash invested is 19.96% in year one, and rental yield stands at 7.38% on a $624,900 basis. Equity gained on principal adds $4,032/yr, and 5% annual appreciation accumulates to $172,648 by year five. Five-year ROI measures 103.07% and total cumulative return in cash reaches $211,901. For financing, Ziffy Mortgage’s DSCR program evaluates $3,844/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $624,900 |
| 2018-04-20 | Sold | $425,000 |
| 2017-11-06 | Price change | $434,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-21 | $7132.64 | 3.31% | $378,450 | 3.00% |
| 2022-04-21 | $6904.26 | 2.94% | $367,430 | 3.00% |
| 2021-04-21 | $6707.13 | 3.06% | $356,730 | 3.00% |
Listed by: ELEANOR MARTIN • Keller Williams Capital City
Mls Name: WVMLS
Mls Provider:
Mls ID: #827756
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
